On Thursday, Indiana Senator Dan Coats, along with six other Republican Senators introduced legislation as a stand alone bill that would fully pay for an extension of unemployment benefits for three-months.
Additional details of the Responsible Unemployment Compensation Act of 2014:
- Repeals military retirement cost-of-living reduction included in December's budget agreement.
- Fully offsets the three-month extension by spreading savings proposed by the Majority across the current 10-year budget window. This legislation exempts Medicare providers from further cuts and includes specific language to ensure that sequestration of defense resources is not increased.
- Reduces weeks of eligibility for emergency unemployment tiers 1 and 2, which reduces total state and federal unemployment from 73 weeks to 57 weeks.
- Eliminates overlapping payments for unemployment insurance benefits and Social Security disability benefits.